Rat Race Or Not, It's Up To You #13

On this episode of the Business and BBQ podcast, Tim talks with Brad Sumrok, “The Apartment King”. Brad was in the “rat race” of corporate America for 17 years and he just never found fulfillment in his work, even when he started changing companies as a way of moving up the corporate ladder. Even when he was making $10,000 per month as an engineer with an MBA, he wasn’t satisfied and he couldn’t escape the thought that there had to be more out there worth doing. 

All along, he had been saving 10% of his income for retirement and living below his means, just like he had been taught to, and when he finally reached the point in his career when he realized he didn’t want to be in the rat race anymore, he decided to use all of his savings for something other than retirement. He used it as a down payment on his first apartment building. For the next 3 years, he kept working on this side hustle and growing his wealth to the point where he had replaced his full-time income with his investment income. At this point, he was able to quit his full-time job and jump feet-first into real estate investing. 

Now, Brad owns many apartment buildings, but since he doesn’t enjoy the daily ins and outs of being a landlord, all of his properties are managed by a third party. This leaves him with the time and energy he needs to commit to teaching others how to escape the rat race and work on their passion project full time. His company offers a free 40-minute training course online, weekend training sessions 3 times a year, and an annual conference featuring industry experts. This year’s annual conference is August 10th in downtown Dallas, and attendees will get to hear from speakers such as Robert Kiyosaki and Harry Dent.

Business over the past few years has been very good for Brad, which has freed him and his wife up to make sizable contributions to charities such as Chair the Love. He has also found significant personal and spiritual growth through the process of focusing on what he loves doing and delegating what he doesn’t enjoy so much. He encourages listeners to be open to the opportunities in front of them and to believe in what is possible.

Links:

“Rich Dad, Poor Dad” book: https://amzn.to/2XW2DFb 

Sumrok Event Link

Audible trial promotional link: http://audibletrial.com/th

HubSpot promotional link: https://www.hubspot.com/th 

Connect with Brad:

https://bradsumrok.com

[email protected] 

Connect with Tim:

https://timherriage.com/

https://www.linkedin.com/in/herriage

https://twitter.com/timherriage 

https://www.facebook.com/timherriage/ 

https://www.facebook.com/groups/timherriage/

https://www.instagram.com/timherriage/ 

With business questions: [email protected]

With BBQ questions: [email protected]